With Friends Like These, Bush is in Trouble..
Fed chairman Greenspan offered up batting practice to Democrats yesterday by arguing for cuts in social security benefits "as soon as possible," while maintaining the Bush tax cuts should be permanent. The answer to this is, "well, duh. We'll have to cut all kinds of important things to keep that tax cut permanent." The last thing Bush wants to hear are economic gurus mentioning both of those things in shouting distance of each other. It doesn't matter much whether Greenspan really believes one impacts the other, affect by association will do the damage itself.
Voters in this country have been told for the last 3 or 4 years that social security is solvent for many years to come, and that no change to benefits or retirement age is necessary--candidates have been professing that every election cycle. Now to hear that we're keeping the tax cuts permanent and, by the way, now we have to do something about social security...that's all people will need to know.
Democrats had better have a field day with this. These tax cuts are making it impossible for our government to fulfill its obligations to the people. If sacrifice needs to be made, let the wealthiest among us go back to making it, not the retirees who have already done their part.
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